Mon Oct 24, 2016 10:54 am
Mon Oct 24, 2016 11:27 am
Tony Blue Williams wrote:I'm not sure how the writing off of £62m of debt affects FFP. I know that VT can put in £8m and we can lose another £5m per season without sanction but does the writing off of such a large amount give us anymore wriggle room?
Mon Oct 24, 2016 11:30 am
Stringfellow wrote:carlccfc wrote:Vincent Tan is ready to back Neil Warnock for a promotion push in January if Warnock can get the Bluebirds up the table come January.
If City are a top ten side in January then Tan has pledged his full backing to Warnock in the January transfer window.
Could be an exciting time ahead
Carl, heard this as well and also if things progress but without promotion to expect a full promotion push next season. The penny has dropped as only a few months ago we were selling David Marshall. Don't write off a return to the capital for Scotland's number one.
Mon Oct 24, 2016 5:58 pm
ccfcsince62 wrote:Tony Blue Williams wrote:I'm not sure how the writing off of £62m of debt affects FFP. I know that VT can put in £8m and we can lose another £5m per season without sanction but does the writing off of such a large amount give us anymore wriggle room?
You are correct Tony. It has no impact on FFP compliance as it was promised as a conversion of debt to shares rather than a write-off. The former greatly improves the balance sheet , but has no impact on the profit and loss account which is what FFP is all about.
The promised follow up of a write off[b][/b]of £8m a year for 5 years does improve the FFP position
Tue Oct 25, 2016 6:12 pm